ACCESS Newswire
27 Jul 2021, 15:13 GMT+10
EL CAJON, CA / ACCESSWIRE / July 27, 2021 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced the company has commenced a share buyback program to reduce dilution through a series of purchases to retire shares of its common stock.
The company is purchasing and retiring 5,000,000 shares of preferred stock, which is convertible to 50,000,000 shares of common stock, from Brian Milholland, who is retiring as President from Solar Integrated Roofing Corp. but will remain involved as a consultant to the company.
'In an effort to reduce dilution and drive shareholder value, the company will be making a series of share buybacks beginning with today's announced purchase of Brian's preferred shares. It's truly been a privilege to work alongside Brian, as his impact over the last year has been immeasurable in helping us build towards the company we are today. We will certainly miss his full-time support, though we appreciate his agreement to remain with us in a consulting role, where his knowledge and expertise can continue to guide us moving forward. We wish him the very best in retirement,' commented Massey.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC PINK:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
CONTACT:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
[email protected]
www.mzgroup.us
SOURCE: Solar Integrated Roof Corp.
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationLONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
(Photo credit: Kamil Krzaczynski-Imagn Images) Vladimir Guerrero Jr. had two hits and two RBIs, Davis Schneider homered and Chris...
(Photo credit: Brad Rempel-Imagn Images) Ryan Jeffers went 3-for-4 with a homer and three RBIs, and the Minnesota Twins used a six-run...
(Photo credit: Jerome Miron-Imagn Images) Earlier this month, Trackhouse Racing announced that Daniel Suarez and the organization...
(Photo credit: Michael Chow/The Republic / USA TODAY NETWORK via Imagn Images) Pondering her team's potential when it plays disciplined...
(Photo credit: Eric Bolte-Imagn Images) Inter Miami will look to continue to climb the Eastern Conference standings on Wednesday...
(Photo credit: Matt Blewett-Imagn Images) The best defensive team in the league will meet one of the hottest offenses when the Minnesota...